17 Facts About Women's Retirement Outlook
Women in the 21st century are better educated and enjoy career opportunities that our grandmothers’ generation could only dream about. However, even now, a woman’s path to a secure retirement is filled with obstacles, such as lower pay and time out of the workforce for parenting or caregiving, which can negatively impact her own long-term financial prospects.
As women continue to lag behind men in terms of saving and planning for retirement, it is even more concerning that women statistically tend to live longer than men, thereby implying an even greater need for savings and preparations.
17 Facts About Women's Retirement Outlook sheds light on vulnerabilities unique to women in their efforts to prepare for a secure retirement. This research report is based on findings from TCRS’ 17th Annual Transamerica Retirement Survey of Workers and is being released coincident with National Women’s History Month which corresponds with International Women’s Day on March 8.
The survey was conducted in 2016 among 4,161 workers including 2,315 women and 1,827 men.